QBO QuickBooks Setup & Navigation 1

Question 1

Which of the following is the first step when setting up a new QuickBooks Online company file?

Accepted Answer

Enter business details

Answer

Create a sales tax rate

Answer

Connect bank accounts

Answer

Create recurring transactions

Question 2

Where can you access your Chart of Accounts in QuickBooks Online?

Accepted Answer

Accounting

Answer

Sales

Answer

Expenses

Answer

Banking

Question 3

What feature allows you to customize QuickBooks to match your business needs?

Accepted Answer

Account and Settings

Answer

Bank Feeds

Answer

Audit Log

Answer

Reports Center

Question 4

What is the purpose of connecting a bank account in QuickBooks?

Accepted Answer

To automate bank feeds

Answer

To schedule payroll

Answer

To track accounts payable

Answer

To track inventory counts

Question 5

Which dashboard section provides a quick overview of income, expenses, and profit?

Accepted Answer

Business Overview

Answer

Banking

Answer

Reports

Answer

Projects

Question 6

Which tool would you use to manage user roles and permissions in QuickBooks Online?

Accepted Answer

Manage Users

Answer

Company Settings

Answer

Audit Log

Answer

Sales Settings

Question 7

What is the purpose of the Gear icon in QuickBooks Online?

Accepted Answer

To access the settings menu

Answer

To run payroll

Answer

To record transactions

Answer

To check inventory levels

Question 8

Which feature allows you to undo a bank reconciliation?

Accepted Answer

Reconcile Tool (Accountant only)

Answer

Transaction History

Answer

Bank Register

Answer

Audit Trail

Question 9

Where can you find shortcuts for key workflows in QuickBooks Online?

Accepted Answer

+New button

Answer

Chart of Accounts

Answer

Reports Center

Answer

Tax Settings